Quantbot Technologies LP Has $6.45 Million Holdings in Watsco, Inc. (NYSE:WSO)

Quantbot Technologies LP grew its position in shares of Watsco, Inc. (NYSE:WSO - Free Report) by 47.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,608 shares of the construction company's stock after buying an additional 4,349 shares during the period. Quantbot Technologies LP's holdings in Watsco were worth $6,449,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. My Legacy Advisors LLC raised its stake in Watsco by 3.2% in the 4th quarter. My Legacy Advisors LLC now owns 687 shares of the construction company's stock worth $329,000 after purchasing an additional 21 shares in the last quarter. Avidian Wealth Enterprises LLC raised its position in shares of Watsco by 1.8% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 1,196 shares of the construction company's stock valued at $567,000 after buying an additional 21 shares in the last quarter. Centennial Wealth Advisory LLC boosted its stake in shares of Watsco by 3.0% in the fourth quarter. Centennial Wealth Advisory LLC now owns 754 shares of the construction company's stock valued at $358,000 after buying an additional 22 shares during the period. M&T Bank Corp grew its position in Watsco by 1.4% during the fourth quarter. M&T Bank Corp now owns 1,686 shares of the construction company's stock worth $799,000 after buying an additional 23 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Watsco by 0.3% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,692 shares of the construction company's stock valued at $3,645,000 after acquiring an additional 23 shares in the last quarter. Institutional investors and hedge funds own 89.71% of the company's stock.

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Watsco Stock Down 0.9 %

Watsco stock traded down $4.55 during trading hours on Wednesday, hitting $513.40. The stock had a trading volume of 147,504 shares, compared to its average volume of 245,297. The business's 50 day simple moving average is $495.56 and its 200-day simple moving average is $497.75. Watsco, Inc. has a one year low of $396.82 and a one year high of $571.42. The stock has a market cap of $20.74 billion, a price-to-earnings ratio of 38.75 and a beta of 0.92.

Watsco (NYSE:WSO - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.13 by $0.24. Watsco had a return on equity of 17.59% and a net margin of 7.04%. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.67 billion. Research analysts anticipate that Watsco, Inc. will post 14.62 EPS for the current fiscal year.

Watsco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 17th were issued a $2.70 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $10.80 annualized dividend and a yield of 2.10%. Watsco's payout ratio is 81.51%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on WSO. Robert W. Baird increased their target price on Watsco from $540.00 to $560.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Loop Capital raised their target price on shares of Watsco from $450.00 to $460.00 and gave the company a "hold" rating in a report on Thursday, February 27th. Finally, Raymond James assumed coverage on shares of Watsco in a report on Friday, January 17th. They set a "market perform" rating for the company. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $486.25.

About Watsco

Watsco, Inc, together with its subsidiaries, engages in the distribution of air conditioning, heating, refrigeration equipment, and related parts and supplies in the United States and internationally. The company distributes equipment, including residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.